Signage outside the ServiceNow headquarters in Santa Clara, California, US, on Thursday, Sept. 4, 2025. David Paul Morris | Bloomberg | Getty Images Software stocks plummeted on Thursday as disappointing results from ServiceNow and IBM added to fears that artificial intelligence tools and services will disrupt their businesses. Shares of ServiceNow sank about 18% Thursday,…
OpenAI CEO Sam Altman during a media tour of a Stargate AI data center in Abilene, Texas, Sept. 23, 2025. Bloomberg | Bloomberg | Getty Images OpenAI on Thursday announced its latest artificial intelligence model, GPT-5.5, which the company says is better at coding, using computers and pursuing deeper research capabilities. The launch comes less…
Meta CEO Mark Zuckerberg leaves the Federal Courthouse in downtown Los Angeles after defending the company in a landmark social media addiction trial in Los Angeles, United States, on February 19, 2026. Jon Putman | Anadolu | Getty Images Meta plans to lay off 10% of its workforce, equaling about 8,000 jobs, as it continues…
CNBC’s Jim Cramer on Thursday called Tesla a buy following its latest earnings and what Elon Musk said on the call. “As someone who is looking at all the other technologies, I would be a buyer of Tesla today,” Cramer said on ” Squawk on the Street .” He argued that investors focused on near-term…
Tesla shares were lower after its first-quarter earnings announcement on Wednesday on the company’s bigger-than-anticipated cap-ex expansion, but Wall Street is buzzing about speculation that could keep a bid under the stock for the near future. The chatter is about a potential merger with SpaceX, Elon Musk’s breakout rocket company that is set to go…
A view of a Microsoft office in Shanghai, China, on April 8, 2025. Ying Tang | Nurphoto | Getty Images Microsoft will offer voluntary buyouts to some U.S. employee, a first for the 51-year-old software giant, as the tech industry grapples with major changes sparked by the artificial intelligence boom. About 7% of U.S. employees…
This is CNBC’s Morning Squawk newsletter. Subscribe here to receive future editions in your inbox. Happy Thursday. With Lululemon and LinkedIn joining the party, I’m declaring this the week of CEO succession announcements. Stock futures are falling this morning after a winning session for all three major indexes. Here are five key things investors need to know…
Anthropic is ramping up a push to secure European data center deals to power its AI models, as it looks to hire a role for negotiating compute capacity in the region. U.S. hyperscalers’ AI infrastructure expenditure is set to top $600 billion in 2026. Anthropic is looking to capitalize on the boom and has announced…
SYDNEY, AUSTRALIA – APRIL 23: Chairman and CEO of Microsoft Satya Nadella speaks on stage during the Microsoft AI Tour at TikTok Entertainment Centre on April 23, 2026 in Sydney, Australia. Nadella, making his first visit to Australia since 2019, addressed business leaders, developers, and government representatives at the Microsoft AI Tour in Sydney on…
CNBC’s Jim Cramer on Wednesday offered investors a mental framework to make buying high-flying stocks easier to stomach. “In a hot market … you needed to have the discipline to pay up for great stocks to avoid missing out,’” the “Mad Money” host said. Cramer described a lesson from earlier in his career, when a…